LOS ANGELES—Storm Properties is moving forward with construction efforts on Storm Plaza. The 50,000-square-foot outdoor shopping center, which GlobeSt.com reported broke ground last year, has launched phase II, adding an additional 21,500 square feet of space onto the shopping center. 

The $15-million development is located on 4.2 acres at the corner of Sepulveda Boulevard and Normandie Avenue in Torrance. The highlight of this second construction phase is a 4,250-square-foot Wells Fargo banking branch. Wells Fargo completed a lease transaction with the developer prior to the start of construction. The developers are still negotiating lease transactions with other potential tenants to fill the remainder of the space. Phase II construction will be completed in the fall of this year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.